Tax Credit

BENEFITS

It’s time to CAPTURE THE LIGHT and go solar. The demand and popularity for renewable energy is rising, due in part to the reduction in system cost paired with federal and state incentives. In addition, the use of LEDs can reduce your energy consumption between 60 and 80 percent, which allows your business to start saving money the second the bulb/fixtures are installed. The reduction to your energy consumption needs may even reduce the number of modules/panels in your original system configuration, saving you even more money.

FEDERAL GOVERMENT TAX CREDIT

The Investment Tax Credit (ITC) is a bedrock solar incentive. The federal government provides a tax credit worth 30% of the cost of your system. This tax credit may also be applied to other aspects of your project that qualify, giving you the ability to maximize your savings.

MACRS DEPRECIATION INCETIVE

Modified Accelerated Cost Recovery System (MACRS) is a depreciation method that allows the owner of solar energy equipment to claim a significant tax deduction. As an incentive, the IRS has classified solar energy as a 5-year property under the MACRS depreciation schedule. This classification accelerates the returns on your investment which puts more money in your pocket.

REPUTATION AND PUBLIC PERCEPTION

Reputation is the one aspect all businesses have that can make or break any deal. Eco-conscious businesses are enjoying the ability to market and advertise the fact that they are doing their part to save the environment. Going green represents a commitment to quality, care, operational efficiency, and respect for their clients and community.

Take advantage now! These valuable tax credits will be phased out over time, so the time to act is now. Please contact Luma Dynamics today at 844-202-7414 for more information.